16
Nov
Leeds Building Society launches new buy to let product
People looking to purchase a buy
to let property will be interested to hear that Leeds Building
Society has launched a new product.
The financier has announced that a new two-year buy
to let deal will be available for potential landlords at a rate
of 4.29 per cent.
Moneyfacts has already awarded the product, which is available on
mortgages of 65 per cent loan-to-value (LTV), four stars for being
"the lowest discounted rate for this term".
It added that the mortgage is "competitively priced" for potential
buy
to let owners.
For people who only have 30 per cent of the deposit, the product is
available at a rate of 4.89 per cent.
Leeds Building Society's sales and marketing director Kim Rebecchi
said: "These new buy
to let options have been specifically designed to offer
landlords greater flexibility."
Last month, the financier unveiled a five-year fixed-rate mortgage
on loans of 75 LTV at a rate of 3.94 per cent to help "borrowers
looking to lock in value". 